The Financial Planning Association of Australia The Financial Planning Association of Australia

ASIC industry funding model

Ahead of issuing final industry funding invoices in January 2019, ASIC has published estimates of what regulated sectors will pay under the new Industry Funding Model.

  • Read ASIC’s media release here
  • Read ASIC’s full report here.
  • Read ASIC’s fact sheet covering key information on industry funding.

A new obligation for ASIC’s regulated population

Between July and September 2018, all organisations that ASIC regulates must log on to a new online ASIC portal to submit or validate their business activity metrics.

In June, ASIC will send a letter to the person listed as the ASIC contact for each organisation. This letter will contain a unique security key for the portal and detailed information on the process.

ASIC will use the information in these submissions to calculate final invoices, and in future years, generate estimated levy amounts for the entire regulated population.

ASIC will publish its actual regulatory costs in November, along with population and business activity metric data provided by industry, which will enable entities to better estimate their individual levy.

This data requirement will enable ASIC to calculate each entity’s share of the 2017–18 regulatory costs. Final invoices for the 2017–18 financial year will be issued by ASIC in January 2019.

Read the Regulations

Read the Explanatory Memorandum

Any questions?

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